Capital gains tax exemptions on reinvestment
NRIs are entitled to claim exemption from the tax if they reinvest long term capital gains /net sale consideration into following assets.

                                                                                                                       
LONG TERM ASSET SOLDREINVESTMENT INCONDITIONSAMOUNT TO BE INVESTED
All long term capital    assetTax saving bond issued by
a. National Highways Authority of India
     
b. Rural Electrification Corporation Ltd ( REC)
1) Investment is to be made within Six months from the date of transfer of asset.
     
2) New asset is to be held for a period of 3 years.
     
3) You cannot borrow against security of these bonds
Amount equivalent to Capital Gains or Rs. 50 lakhs whichever is less.
Urban Agricultural land        An agricultural Land       There are many conditions, which shall be provided at request.Amount Equivalent to Capital Gains       
Any long term capital asset other than residential houseSingle residential house in India There are many conditions, which shall be provided at request.Amount equivalent to Net Sales consideration
Residential houseSingle residential house in India There are many conditions, which shall be provided at request.Amount equivalent to Capital Gains
Residential house or plot of landEquity share of new eligible Indian company There are many conditions, which shall be provided at request.Long Term Capital Gains in proportion of amount re-invested over Net Sales consideration

TDS provisions and tax liability on gains from transfer of Immovable property


Type of GainRate of TDSRate of Tax
Long Term20%* on amount of Sales Consideration20%* on amount of Capital Gains
Short Term30%* on amount of Sales ConsiderationSlab Rate* for amount of capital gains

* Plus applicable surcharge and cess